Business Context and Reporting Period
This Form 8-K filing by D-Wave Quantum Inc. (QBTS) reports corporate governance changes effective October 28, 2024. The report was filed on October 30, 2024, with the earliest event date of October 25, 2024.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. It is a current report focused solely on board composition changes.
Material Changes
- Resignations: Amy Cappellanti-Wolf and Emil Michael resigned from the Board of Directors effective October 28, 2024. Ms. Cappellanti-Wolf was a member of the Compensation Committee.
- Appointments: John DiLullo and Rohit Ghai were appointed to the Board effective October 28, 2024, to serve until the 2027 Annual Meeting of Stockholders.
- Reason for Departure: The resignations are not due to any disagreement with the Company regarding operations, policies, or practices.
Management Commentary and Risks
The filing provides biographical details for the new directors:
- John DiLullo: Currently CEO of Deepwatch. Brings over 30 years of technology experience, including 15 years in networking and cybersecurity, with a focus on growth and profitability transformation.
- Rohit Ghai: Currently CEO of RSA. Brings expertise in digital transformation in regulated markets and experience in both startups and large enterprises.
Committee memberships for the new directors have not yet been determined. There are no reportable transactions between the new directors and the Company under Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- Verify the effective date of the board changes (October 28, 2024).
- Confirm the tenure of the new directors (until the 2027 Annual Meeting).
- Review the attached press release (Exhibit 99.1) for additional context on the appointments.
- Note that this filing contains no financial performance data; refer to recent 10-Q or 10-K filings for financial metrics.